Nio spun out GeniTech in June 2025 but still owns about 63% of the AI chip and semiconductor business. Its flagship NX9031X powers all Nio and Onvo models, with shipments above 300,000 and performance comparable to four Nvidia Orin chips. Morgan Stanley sees licensing, outside customers and robotics applications turning GeniTech’s research spending into revenue and potential margin support. U.S.-listed shares of Nio, Inc. are on track for another monthly decline, but Morgan Stanley says the automaker’s AI chip unit, GeniTech, could become a visible call option after its first standalone public debut at the World Artificial Intelligence Conference 2026. Nio’s U.S.-listed shares fell 0.5% on Tuesday, extending their losing streak to four sessions and bringing the stock’s monthly decline to 5%.